HSBC Platinum MasterCard® with Cash Back Rewards is a generous cash back credit card that gives 1% cash back on all purchases with the potential for unlimited rebates.  This is a fairly standard cash back formula, but with a low APR on purchases and 0% for balance transfers for up to six months, the HSBC Platinum MasterCard saves as well as makes money.

Low Fees: Another way that the HSBC Platinum MasterCard with Cash Back Rewards saves money is with no annual or set-up fees.  Cardholders also have the ability to transfer three accounts to the card, saving money on other credit card accounts.  No annual fee means that cash back rebates will stretch farther than other cash back rewards cards that may have a better cash back percentage, but with higher fees.

Qualifying for the Card: As with other cards, cardholders may be offered a card with a different APR than the advertised rate.  Additionally, applicants who do not qualify for the 1% cash back program will be eligible for a 2% cash back program, which has a cap of $400 a year.  Applicants could also be offered a different type of HSBC card.  The card is generally a good choice for people with good or better credit.

Other Card Features: the HSBC Platinum MasterCard has a grace period of 20 days after purchase, insurance on purchases, internet account access, fraud protection, and MasterCard’s Global Service, which provides customer support anywhere in the world, such as card replacement and emergency cash advances.

Conclusion: Overall, the HSBC Platinum MasterCard® with Cash Back Rewards is a pretty standard credit card.  No unique cash back opportunities for certain types of purchases, but the card has unlimited rebates for qualified applicants, unlike some cards with fancier cash back programs.  In short, it’s a serviceable credit card with a good APR and decent cash back percentage for those who make fairly frequent purchases on credit.